When purchasing real estate in the city of Bhopal, all potential buyers need to review the TNCP approval of any property they consider. While there may be many factors, such as price, location, and amenities, that are of the utmost importance to most purchasers, a buyer who has the proper legal confirmation and approval of a project from the TNCP will have greater protection for their potential investment. As real estate development continues to be promoted and at a higher rate in areas such as Hoshangabad Road, Kolar Road, Ayodhya Bypass, and Bhojpur Road, it has become very important for prospective buyers to familiarise themselves with tncp approval, prior to finalising their purchase offer.
The TNCP (Town and Country Planning) is the organisation in Madhya Pradesh responsible for overseeing the planned development of land in that state. If a property in Bhopal has a TNCP endorsement, the organisation has thoroughly investigated and authorised the project in terms of site plan, land usage, materials, construction methodologies, and infrastructure. This assures the prospective buyer that the land is legally approved for either residential or commercial uses and that the developer shall adhere to and follow all state/local government guidelines, thus protecting the buyer against future disputes or demolitions.
One of the primary advantages of being TNCP-approved is the confirmation that the land meets the required criteria for development outlined in your application. Although colonies that are not yet licensed by TNCP may provide you with lower prices but these colonies could become problematic in terms of having to pay higher costs for things like water service, sewer service, electricity connections, and future municipal services. Conversely, TNCP-approved projects will give you adequate infrastructure to build houses on, along with amenities that have been approved by the Government for an overall safe and secure living situation.
An additional advantage to choosing TNCP-approved properties over unapproved ones is that they will provide a much easier way to access mortgage financing. Most banks/financial institutions will only offer mortgage financing for projects that have been legally approved. Therefore, if you wish to apply for a mortgage on a property that is not legally TNCP-approved, you will be denied, thus restricting a potential buyer from purchasing that property. Properties that are installed with the TNCP approval will provide an easier process when buying the property, as well as eliminating the chance of legal problems, thus providing peace of mind regarding the investment.
In addition to providing buyers with a legally clear and government-recognised investment, approved properties in Bhopal are generally able to get a higher rate than Non-Approved Properties, which is why TNCP-approved properties are considered the most desirable for future resale. If you are looking to live in or invest in an approved development, you’re making the right choice for both long-term stability and improved market value.
When choosing TNCP-approved properties in Bhopal, you aren’t just making a suggestion, you’re making a requirement! A TNCP-approved development will provide a level of legality, safety, better resale value and peace of mind.
The Company has been committed to providing a listing platform for verified and legally compliant developments, including approved plots, flats and farmhouses in Bhopal. We want all prospective buyers to feel confident and secure when purchasing an investment through our Company.
For more information about approved properties and to see a list of verified properties, visit The Company online at the-company.in or call us at +91 99815 00228.
